Aygaz AS (IST:AYGAZ) Momentum Rank : 0 (As of May. 01, 2025)

View and export this data going back to 1988. Start your Free Trial

What is Aygaz AS Momentum Rank?

Aygaz AS has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Aygaz AS Momentum Rank Related Terms

Thank you for viewing the detailed overview of Aygaz AS's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Aygaz AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Aygaz AS (IST:AYGAZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Caddesi No: 145-1, Aygaz Han, Zincirlikuyu, Sisli, Istanbul, TUR, 34394

Website

https://www.aygaz.com.tr

Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.

Aygaz AS Headlines

No Headlines